Venture Capital
San Francisco-based home-sharing marketplace Airbnb has invested an undisclosed sum in SoftBank-backed budget hospitality chain OYO. Airbnb said in a statement that it has pumped money into OYO, owned by Gurugram-based Oravel Stays Pvt. Ltd, as part of its Series E funding round. The company didn’t disclose the details of the investment. In a report earlier this month, subscription-based digital media publication The Information, citing people it did not name, had reported that Airbnb was in talks to invest up to $200 million in OYO.

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